A new CEE Banking Study for 2014 has shown that the economic recovery has triggered gradual improvement of CEE lending.
The study also shows that there are mild signs of a credit recovery across the region.
The study, which covers 13 different countries, was conducted by UniCredit's CEE Strategic Analysis department.
The paper also showed that the corporate sector is expected to drive a lending pick up over the next few years. Additionally, growth has been moderately accelerating since YE-2012. Deposit growth has maintained a steady level as it supports a gradual shift in the sector toward a new banking model.
The CEE banking sector has also continued to show satisfactory profitability despite challenges. It has also seen a return on assets which doubles that of Western Europe.
"The most obvious positive macro trend to emerge across Central and Eastern Europe in 2013 was the rebound in industry, which should continue also in 2014," Gianni Franco Papa, the head of the CEE division at UniCredit, said. "The signs of economic recovery in Western Europe are translating into a higher industrial production for CEE, although differences from country to country persist."
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